{"id":960896,"date":"2026-05-11T16:09:52","date_gmt":"2026-05-11T20:09:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lu-investor-alert-lufax-holding-ltd-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-filed-inadequate-disclosures-levi-korsinsky\/"},"modified":"2026-05-11T16:09:52","modified_gmt":"2026-05-11T20:09:52","slug":"lu-investor-alert-lufax-holding-ltd-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-filed-inadequate-disclosures-levi-korsinsky","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lu-investor-alert-lufax-holding-ltd-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-company-allegedly-filed-inadequate-disclosures-levi-korsinsky\/","title":{"rendered":"LU Investor Alert: Lufax Holding Ltd Securities Fraud Lawsuit – Investors With Losses May Seek to Lead the Class Action After Company Allegedly Filed Inadequate Disclosures: Levi & Korsinsky"},"content":{"rendered":"

\nDisclosure Under Scrutiny: Were Lufax’s Risk Warnings Adequate When Internal Controls Were Allegedly Already Failing?
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NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP examines the adequacy of Lufax Holding Ltd’s (NYSE: LU) risk disclosures in its 2022 and 2023 Annual Reports. Shareholders who purchased LU securities between April 7, 2023 and January 26, 2025 and lost money may be entitled to recover damages. Find out if you qualify to recover your per-share losses<\/a> or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/u><\/a> or (212) 363-7500.<\/p>\n

Lufax ADS holders lost $0.63 per share over three trading sessions following the January 27, 2025 corrective disclosure, a cumulative decline of approximately 22% from the prior close. The last day to move for lead plaintiff is May 20, 2026.<\/p>\n

\n What the Company Disclosed<\/strong>\n <\/p>\n

In both its 2022 and 2023 Annual Reports, Lufax included boilerplate language acknowledging that “internal control over financial reporting may not prevent or detect misstatements” and that “controls may become inadequate because of changes in conditions.” Each filing also carried SOX certifications signed by senior officers attesting that disclosure controls were “effective” and that internal controls over financial reporting were “effective” under the COSO 2013 framework.<\/p>\n

\n What the Complaint Challenges as Missing<\/strong>\n <\/p>\n

The securities action contends that the generic risk factor language stood in stark contrast to what was actually occurring inside the Company. Specifically, the complaint charges that:<\/p>\n